Looking for the best MMA rates? The Federal Reserve cut the federal funds rate, causing interest rates to fall. Top high-yield MMAs offer over 4% APY, 6 times the national average. Shop around for the best rates at online banks and credit unions, which also offer competitive rates and fewer fees.

Money market accounts are great for short-term savings goals with higher interest rates than regular savings accounts. They are low-risk and FDIC-insured up to $250,000 per depositor. Be aware of minimum balance requirements, potential fees, and transaction limits. Consider speaking with a financial advisor or using a robo-advisor for investing advice.

Read more at Yahoo Finance: Best money market account rates today, January 16, 2026 (up to 4.1% APY return)